Saturday, June 10, 2006

Diversifying our Energy Sources

To follow up on my last post, I think there's an analogy between stock portfolios and energy portfolios. Just like you want your stock portfolio to be diversified to deal with economic downturns in one sector or region, so should our nation's energy supplies be diversified to increase our ability to weather adverse political and ecological changes.

Currently most of our energy comes from fossil fuels. Coal is very dirty and bad for the environment with lots of nasty chemicals like carbon dioxide, sulfur and mercury being released.

Oil comes with a host of political issues in places ranging from Saudi Arabia to Bolivia. It also presents ecological problems. And it's going to run out.

Therefore we should diversify our energy holdings. We should keep coal and oil in reserve and increase our share of alternative energy sources such as solar, wind, hydroelectric, and wave power.

It just seems only prudent to diversify our energy holdings and seek cleaner, more reliable, and renewable forms of energy.

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